• Tue, 23 Jul 2019, 05:45 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

XinFin joins R3 blockchain consortium to host dApps on Corda

Mon, 11 Feb 2019, 10:03 am UTC

Enterprise blockchain platform XinFin has announced that it is joining the blockchain consortium led by blockchain startup R3 to host its standardized and decentralized applications on the R3 Corda marketplace.

Founded in 2017, XinFin offers a scalable, secure enterprise-grade blockchain particularly targeted at highly-regulated industries and commercially sensitive data. It has been granted sandbox license in Abu Dhabi Global markets (ADGM) and is currently awaiting sandbox access across six global jurisdictions.

According to the official release, the standardized distributed applications range from Invoice Factoring, Global Trade and Finance, Instant Remittances, E-wallets, Liquidity relayers, University Certificate Issuance, Asset Digitization, and Global Air Charter.

Financial institutions using Corda can run distributed applications on a combination of private and public (Hybrid) blockchain architecture in a sandbox environment, it said.

Furthermore, XinFin said that its developer community will build a relay bridge between the Corda private Network to the XinFin Public Network, creating the ability to relay a limited set of data and transactions from privacy channels to the public network.

“Applications already deployed on the R3 Corda marketplace will be able to connect to XinFin’s Public Network,” it added.

Earlier this month, XinFin announced that it presented blockchain proof-of-concept (POC) to the government of Indian state of Maharashtra and the Department of Revenue.

Last month, global banking payments network SWIFT launched a proof-of-concept (PoC) to link gpi, the new standard in cross-border payments, with R3’s Corda blockchain platform.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,206.20 (-3.67%)
  • Ethereum (ETH) $215.25 (-4.50%)
  • XRP (XRP) $0.318600 (-3.48%)
  • Litecoin (LTC) $93.28 (-5.69%)
  • Bitcoin Cash (BCH) $308.60 (-3.38%)
  • Bitcoin (BTC) $10,206.20 (-3.67%)
Jul 23, 2019 (Tuesday)
05:29
Ping An's OneConnect partners with UnionBank's UBX to launch blockchain-powered financing platform for MSMEs
05:19
FINRA gives companies more chances to comply with crypto data request
05:03
Crypto exchange QuickBit confirms major data leak, likely to affect 300K users
04:45
Uganda looks to blockchain in counterfeit drug battle
04:05
UK lawmaker who busted Facebook-Cambridge Analytica scandal sets sights on Libra crypto
03:47
Singapore-based Forise International expands to blockchain consulting
03:41
Mercedes-Benz' parent company Daimler partners with Riddle & Code to develop crypto hardware wallet for cars
03:26
Binance lists GBP-backed stablecoin 'BGBP'
Jul 22, 2019 (Monday)
12:20
Crypto Technicals: IOT/USD recovery fails shy of 200-DMA, downside resumption likely
12:20
Former Token Foundry head begins process to sue Joseph Lubin for $13M
11:39
Blockchain firm R3 pushes for more Corda sales with new hire
11:26
South Korean citizen unaffiliated to Samsung files trademark application for 'Samsung Coin'
10:46
Former Russian crypto executive arrested in Italy
09:19
Blockchain startup Diana to launch 'lunar registry' to divide and tokenize the moon
08:39
Crypto Technicals: ETC/USD confirms 'Golden Cross' on hourly charts, eyes 21-EMA at 6.722
07:46
Iran finalizes power tariff scheme for crypto miners but no license for importing mining equipment yet
07:42
Crypto firm FairX closes digital doors due to lack of funding
06:34
Thailand shows less hostility towards Libra compared to other countries
06:23
European Central Bank official says calm down about stablecoin
05:42
No official ban on cryptocurrency yet, Indian Minister clarifies
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft